Release date: 19 October 2017
Promoter – Financial IntermediaryPATENTES TALGO SLU
The project comprises investments in research, development and innovation (RDI) to support the promoter's competitiveness by: • developing new commuter train and very high speed train platforms with increased passenger capacity • developing new solutions for rolling stock, and • expanding the promoter's product portfolio. A portion of the project also entails selected fixed capital investments related to manufacturing and maintenance services.
The project will contribute to the objective of promoting sustainable transport technologies.
Project calendar: 2017 - 2020
- Industry - Manufacturing
Proposed EIB finance (Approximate amount)
EUR 30 million
Total cost (Approximate amount)
EUR 60 million
The project concerns investments related to research and development and to the manufacturing of rolling stock and systems that are not specifically listed in Annex I or II of the Environmental Impact Assessment (EIA) Directive. The project activities themselves aim to further develop rail technologies and sustainable transport. On this basis, the project is acceptable for financing by the Bank.
The promoter is a private company not operating in the Utilities sector and not having the status of contracting authority. Thus it is not covered by EU directives on procurement.
Signed - 21/12/2017
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).